Iran War Impact: How India is dealing with the fallout of the conflict
The war in Iran is having a significant impact on India's economy, with the rupee slumping to a record low and oil prices rising. The conflict is also affecting India's diplomatic credibility and geopolitical influence in the region.
The war in Iran is hitting India hard, with the rupee falling to a record low. India's stock market has also fallen for the fifth consecutive week due to rising oil and gas prices. The country imports nearly 85% of its crude oil, with much of it passing through the Strait of Hormuz. The war is disrupting energy imports and remittances from Indians living in Gulf countries. This is affecting India's economy and geopolitical influence. The conflict has also exposed the limits of India's balancing act in west Asia.
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